Maine vs South Dakota for MLO Licensing

Total Fees

$271.25

$341.25

Pre-Licensing

20 hrs

Timeline

8-16 wks

6-12 wks

Side-by-Side Comparison

Category	Maine	South Dakota
Total Fees	$271.25 ✓	$341.25
Pre-Licensing Hours	20 hrs	20 hrs
Processing Time	8-16 weeks	6-12 weeks ✓
Renewal Cycle	N/A	N/A
Renewal Fee	$80 ✓	$150
CE Hours	8 hrs	8 hrs
Reciprocity	None	None

Key Differences

→

Cost

Maine is $70 cheaper for total licensing fees.

Winner: Maine

→

Processing Speed

South Dakota processes applications in 6-12 weeks.

Winner: South Dakota

Category Winners

Lower Cost

Maine $271.25

vs South Dakota ($341.25)

Fewer Hours

Maine 20 hrs

vs South Dakota (20 hrs)

Faster Processing

South Dakota 6-12 wks

vs Maine (8-16 wks)

Maine

Maine Bureau of Consumer Credit Protection

Official Website →

Full Maine MLO requirements →

South Dakota

South Dakota Division of Banking

Official Website →

Full South Dakota MLO requirements →

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